The Week Ahead
THE WEEK AHEAD...
The economic calendar is jam-packed this week. From US, early focus will be on Monday's retails sales. PPI and CPI inflation then take center stage. Also featured will be trade balance, and TIC capital flow. Two regional report manufacturing will be released from NY State and Philadelphia with industrial productions. Another round of housing data will be featured with NAHB index, housing starts and building permits.
From Eurozone, main focus will be on Q2 GDP, Jul HICP inflation and most importantly the German ZEW. PPI and CPI inflation data from UK will also be closely watched together with employment report and retail sales.
But after all, the impact of economic data to the markets would be temporary as the focus of attention will likely remain in the credit markets and further unwinding of carry trades.
The economic calendar is jam-packed this week. From US, early focus will be on Monday's retails sales. PPI and CPI inflation then take center stage. Also featured will be trade balance, and TIC capital flow. Two regional report manufacturing will be released from NY State and Philadelphia with industrial productions. Another round of housing data will be featured with NAHB index, housing starts and building permits.
From Eurozone, main focus will be on Q2 GDP, Jul HICP inflation and most importantly the German ZEW. PPI and CPI inflation data from UK will also be closely watched together with employment report and retail sales.
But after all, the impact of economic data to the markets would be temporary as the focus of attention will likely remain in the credit markets and further unwinding of carry trades.
posted by Naveen Pantera at 9:03 PM
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